Fannie Mae videos promote foreclosure alternatives

WaysHome dramatizations let distressed owners play out options

Fannie Mae has launched an interactive video simulation tool to inform struggling homeowners about their options to avoid foreclosure.

Called WaysHome, the tool is part of, a new consumer site Fannie Mae set up for homeowners who are underwater or having trouble paying their bills or mortgage payments.

"In 2011, an estimated 4 million homes will be at imminent risk of foreclosure. As we enter a new year, the company is expanding its efforts to help struggling homeowners avoid foreclosure — WaysHome is an innovative tool to help achieve this goal," said Jeff Hayward, Fannie Mae’s senior vice president, in a statement.